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CHSCP - CHS Inc.

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CHS Inc.

CHSCP

NASDAQ

CHS Inc., an integrated agricultural company, provides grains, foods, and energy resources to businesses and consumers in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Energy, Ag, Nitrogen Production, and Foods. It is involved in the operation of petroleum refineries and pipelines; supply, marketing, and distribution of refined fuels, including gasoline, diesel fuel, and other energy products; blending, sale, and distribution of lubricants; and the supply of propane and other natural gas liquids. The company also processes and sells crude oil into refined petroleum products under the Cenex brand name to member cooperatives and other independent retailers through a network of approximately 1,500 sites; and provides transportation services. In addition, it markets grains and oilseeds; and offers seeds, crop nutrients, crop protection products, animal feed, animal health products, refined and renewable fuels, and propane, as well as refined oils, meal, soy flour, and processed sunflower products. Further, the company produces and sells nitrogen-based products, including methanol, UAN and urea, and related products; manufactures, packages, and distributes vegetable oil-based products, such as packaged oils, margarine, mayonnaise, flavored dressings, sauces, and other food products; and offers cooperatives with various loans that meet commercial agriculture needs and loans to individual producers, as well as consulting and commodity risk management services. CHS Inc. was incorporated in 1936 and is headquartered in Inver Grove Heights, Minnesota.

28.35 USD

0.13 (0.459%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

4.52B

4.91B

4.97B

4.84B

882.6M

718.2M

584.42M

475.56M

386.98M

314.9M

Revenue %

-

8.72

1.13

-2.61

-81.75

-18.63

-18.63

-18.63

-18.63

Ebitda

-59.1M

241.1M

-13.4M

78.2M

39.9M

13.6M

11.07M

9.01M

7.33M

5.96M

Ebitda %

-1.31

4.91

-0.27

1.62

4.52

1.89

1.89

1.89

1.89

Ebit

-103.8M

188.3M

-69.1M

28.1M

-11M

-747.04k

-607.89k

-494.66k

-402.52k

-327.54k

Ebit %

-2.3

3.84

-1.39

0.58

-1.25

-0.1

-0.1

-0.1

-0.1

Depreciation

44.7M

52.8M

55.7M

50.1M

50.9M

14.35M

11.68M

9.5M

7.73M

6.29M

Depreciation %

0.99

1.08

1.12

1.04

5.77

2

2

2

2

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

223M

112.7M

153.7M

125.8M

39M

24.92M

20.28M

16.5M

13.43M

10.93M

Total Cash %

4.94

2.3

3.1

2.6

4.42

3.47

3.47

3.47

3.47

Receivables

1.27B

1.42B

1.49B

1.16B

1.26B

303.14M

246.68M

200.73M

163.34M

132.91M

Receivables %

28.02

28.99

30.04

24

142.25

42.21

42.21

42.21

42.21

Inventories

1

1

-

-

-

0.06

0.05

0.04

0.03

0.03

Inventories %

0

0

-

-

-

0

0

0

0

Payable

536.8M

687.2M

723.3M

646.1M

613.8M

177.19M

144.18M

117.33M

95.47M

77.69M

Payable %

11.89

14

14.57

13.36

69.54

24.67

24.67

24.67

24.67

Cap Ex

-15.5M

-11.2M

-12M

-15.3M

-11.1M

-3.43M

-2.79M

-2.27M

-1.85M

-1.5M

Cap Ex %

-0.34

-0.23

-0.24

-0.32

-1.26

-0.48

-0.48

-0.48

-0.48

Weighted Average Cost Of Capital

Price

12.97

Beta

Diluted Shares Outstanding

35.5M

Costof Debt

4.02

Tax Rate

After Tax Cost Of Debt

0.11

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

302.6M

Total Equity

460.44M

Total Capital

763.03M

Debt Weighting

39.66

Equity Weighting

60.34

Wacc

6.76

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

4.52B

4.91B

4.97B

4.84B

882.6M

718.2M

584.42M

475.56M

386.98M

314.9M

Ebitda

-59.1M

241.1M

-13.4M

78.2M

39.9M

13.6M

11.07M

9.01M

7.33M

5.96M

Ebit

-103.8M

188.3M

-69.1M

28.1M

-11M

-747.04k

-607.89k

-494.66k

-402.52k

-327.54k

Tax Rate

97.26

97.26

97.26

97.26

97.26

97.26

97.26

97.26

97.26

97.26

Ebiat

-70.76M

158.2M

-61.43M

41.08M

-301.37k

-513.7k

-418.02k

-340.15k

-276.79k

-225.23k

Depreciation

44.7M

52.8M

55.7M

50.1M

50.9M

14.35M

11.68M

9.5M

7.73M

6.29M

Receivables

1.27B

1.42B

1.49B

1.16B

1.26B

303.14M

246.68M

200.73M

163.34M

132.91M

Inventories

1

1

-

-

-

0.06

0.05

0.04

0.03

0.03

Payable

536.8M

687.2M

723.3M

646.1M

613.8M

177.19M

144.18M

117.33M

95.47M

77.69M

Cap Ex

-15.5M

-11.2M

-12M

-15.3M

-11.1M

-3.43M

-2.79M

-2.27M

-1.85M

-1.5M

Ufcf

-769.96M

192.2M

-50.03M

329.68M

-87.7M

526.15M

31.93M

25.98M

21.14M

17.2M

Wacc

6.76

6.76

6.76

6.76

6.76

Pv Ufcf

492.84M

28.01M

21.35M

16.28M

12.41M

Sum Pv Ufcf

570.9M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

6.76

Free Cash Flow T1

17.72M

Terminal Value

471.6M

Present Terminal Value

340.08M

Intrinsic Value

Enterprise Value

910.98M

Net Debt

263.6M

Equity Value

647.38M

Diluted Shares Outstanding

35.5M

Equity Value Per Share

18.24

Projected DCF

18.24 0.289%

DCF Levered

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